Russian Federation : 2008 Article IV Consultation-Staff Report; Staff Statement; and Public Information Notice on the Executive Board Discussion

Author/Editor:

International Monetary Fund

Publication Date:

September 22, 2008

Electronic Access:

Free Full Text (PDF file size is 947 KB).Use the free Adobe Acrobat Reader to view this PDF file

Summary:

The 2008 Article IV Consultation with the Russian Federation highlights that the Russian banking system has proven to be relatively resilient in the face of worldwide turmoil. The central bank is still intervening heavily in the foreign exchange market, and Russia’s banking system is still comfortably liquid with overnight interbank rates at the lower end of the usual trading range. Executive Directors suggested a careful reconsideration of the authorities’ policy stance, so that price developments are not shaped primarily by uncertain external developments that remain beyond the authorities’ control.

Series:

Country Report No. 08/309

Subject:

Notes:

Also available in Russian

English

Publication Date:

September 22, 2008

ISBN/ISSN:

9781451833171/1934-7685

Stock No:

1RUSEA2008002

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

62

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